The combined pension deficit of FTSE 350 companies improved by £8bn over 2017, while assets went up more than £44bn to £781bn, a pensions consultancy said.
Consulting firm Mercer said the deficit of defined benefit schemes for the UK’s 350 largest listed companies, based on corporate accounts methodology, decreased to £76bn at the end of last year, from £84bn at the end of 2016. This represents a reduction of more than 9 per cent.
The data, which relate to about half of all UK scheme liabilities, also said the value of total liabilities increased by £36bn to £857bn last year.
